Money Market Funds
PNB Prime Peso and Dollar Money Market Fund
The PNB Prime Peso and Dollar Money Market Funds are invested in a diversified portfolio of bank deposits and fixed income instruments issued by the Philippine government with a remaining term to maturity of not more than three (3) years and a weighted average portfolio life of one (1) year or less.. These funds are suitable for investors who have conservative risk appetite.
| PNB PRIME PESO MONEY MARKET FUND | PNB PRIME DOLLAR MONEY MARKET FUND | |||
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
₱10,000 | $500 | |
|
Class II |
₱2,000 | $100 | ||
| Min. Holding Period | 5 banking days | 30 calendar days | ||
| Trust Fee | 0.50% p.a. of fund value | 0.25% p.a. of fund value | ||
| Issuance of Confirmation of Transaction / Participating Trust Agreement | After 1 Banking Day | |||
| Release of Proceeds | After 1 Banking Day | After 1 Banking Day | ||
| Cut-Off Time for Participations and Redemptions | 12NN | 11AM | ||
| NAVPU Publication | After 7PM | |||
| Early Redemption Fee | 50% of Income Earned, if any | |||
| Investment Horizon | 1 Year or Less | |||
| Risk Profile | Conservative | |||
| Valuation | Mark-to-Market | |||
| Investment Outlets | Bank deposits and government securities | |||
| Benchmark | 91-day Philippine Treasury-Bill rate auction, net of tax | Philippine Dollar Deposit Rates Savings Deposit | ||
PNB Institutional Money Market Fund
The PNB Institutional Money Market Fund was specifically created to meet the investment needs of institutional investors. It is invested in a portfolio of bank deposits with a remaining term to maturity of not more than three (3) years and has a weighted average portfolio life of one (1) year or less. It is suitable for clients who have conservative risk appetite.
| Min. Initial / Additional Participation and Maintaining Balance | ₱10,000,000 (₱1,000,000 minimum for additional participation) |
| Min. Holding Period | 3 banking days |
| Trust Fee | 0.125% p.a. of fund value |
| Issuance of Confirmation of Transaction / Participating Trust Agreement | After 1 Banking Day |
| Release of Proceeds | Same Banking Day |
| Cut-Off Time for Participations and Redemptions | 12NN |
| NAVPU Publication | After 4PM |
| Early Redemption Fee | 50% of Income Earned, if any |
| Investment Horizon | 1 Year or Less |
| Risk Profile | Conservative |
| Valuation | Accrual |
| Investment Outlets | Bank deposits and all other deposit instruments that the BSP may allow |
| Benchmark | 91-day Philippine Treasury-Bill rate auction, net of tax |
PNB Prestige Peso Money Market Fund (formerly PNB Peso Fixed Income Fund)
The PNB Prestige Peso Money Market Fund is invested in a diversified portfolio of bank deposits and fixed income instruments issued by the Philippine government with a remaining term to maturity of not more than three (3) years and has a weighted average portfolio life of one (1) year or less. It is suitable for clients who have conservative risk appetite.
|
Min. Initial / Additional Participation and Maintaining Balance |
Class I |
₱10,000 |
|
Class II |
₱2,000 |
|
| Min. Holding Period | 5 banking days | |
| Trust Fee | 0.25% p.a. of fund value | |
| Issuance of Confirmation of Transaction / Participating Trust Agreement | After 1 Banking Day | |
| Release of Redemption Proceeds | After 1 Banking Day | |
| Cut-Off Time for Participations and Redemptions | 12NN | |
| NAVPU Publication | After 7PM | |
| Early Redemption Fee | 50% of Income Earned, if any | |
| Investor Horizon | 1 Year or Less | |
| Valuation | Mark-to-Market | |
| Investment Outlets | Bank deposits and government securities | |
| Benchmark | 50% 91-day Philippine Treasury-Bill rate auction, net of tax and 50% Markit iBoxx ALBI Philippines Money Market | |
THE UIT FUND IS A TRUST PRODUCT, NOT A DEPOSIT ACCOUNT AND IS NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC). THE UIT FUND IS NOT AN OBLIGATION OF, NOR GUARANTEED, NOR INSURED BY THE TRUSTEE, ITS AFFILIATES OR SUBSIDIARIES. DUE TO THE NATURE OF THE INVESTMENTS, THE RETURNS/YIELDS CANNOT BE GUARANTEED AND HISTORICAL PERFORMANCE, WHEN PRESENTED IS PURELY FOR REFERENCE PURPOSES AND IS NOT A GUARANTEE OF SIMILAR FUTURE PERFOMANCE. THAT ANY LOSSES AND INCOME ARISING FROM MARKET FLUCTUATIONS AND PRICE VOLATILITY OF THE SECURITIES HELD BY THE UITF, EVEN IF INVESTED IN GOVERNMENT SECURITIES, ARE FOR THE ACCOUNT OF THE CLIENT. AS SUCH, THE UNITS OF PARTICIPATION OF THE CLIENT IN THE UITF, WHEN REDEEMED, MAY BE WORTH MORE OR WORTH LESS THAN HIS/HER INITIAL INVESTMENT/CONTRIBUTION. THE TRUSTEE IS NOT LIABLE FOR ANY LOSS UNLESS UPON WILLFUL DEFAULT, BAD FAITH OR GROSS NEGLIGENCE OF THE TRUSTEE. THE INVESTOR MUST READ THE COMPLETE DETAILS OF THE FUND IN THE UITF’S DECLARATION OF TRUST, MAKE HIS/HER OWN RISK ASSESSMENT, AND WHEN NECESSARY, SEEK AN INDEPENDENT/ PROFESSIONAL OPINION BEFORE MAKING AN INVESTMENT.